(GDX)
Max Pain By Strike
GDX trades at $69.72, 7.3% above the near-term max pain of $65 expiring Sep 12, 2025 (-1 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is stable across expirations ($42-$67), indicating stable market expectations. Key magnetic zone at 55 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for GDX shows stable levels around 57.00, reflecting balanced market expectations. The 44% spread signals divergent expectations across timeframes. Most levels below 69.72 may cap rallies. Strong magnetic level at 55 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 12, 2025 | 65 | -4.72 (-6.77%) |
| Sep 19, 2025 | 55 | -14.72 (-21.11%) |
| Sep 26, 2025 | 64 | -5.72 (-8.20%) |
| Oct 3, 2025 | 65 | -4.72 (-6.77%) |
| Oct 10, 2025 | 67 | -2.72 (-3.90%) |
| Oct 17, 2025 | 55 | -14.72 (-21.11%) |
| Oct 24, 2025 | 65 | -4.72 (-6.77%) |
| Nov 21, 2025 | 63 | -6.72 (-9.64%) |
| Dec 19, 2025 | 50 | -19.72 (-28.28%) |
| Jan 16, 2026 | 55 | -14.72 (-21.11%) |
| Feb 20, 2026 | 63 | -6.72 (-9.64%) |
| Mar 20, 2026 | 50 | -19.72 (-28.28%) |
| May 15, 2026 | 54 | -15.72 (-22.55%) |
| Jun 18, 2026 | 52 | -17.72 (-25.42%) |
| Jul 17, 2026 | 55 | -14.72 (-21.11%) |
| Sep 18, 2026 | 48 | -21.72 (-31.15%) |
| Dec 18, 2026 | 42 | -27.72 (-39.76%) |
| Jan 15, 2027 | 50 | -19.72 (-28.28%) |
| Dec 17, 2027 | 65 | -4.72 (-6.77%) |